The Saudi Central Bank, “Sama,” announced the issuance of the approval of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, to appoint members of the Board of Directors of the Central Bank who are not government employees.
The royal order included the approval of the appointment of Hamad bin Saud Al-Siyari, Khalid bin Ahmed Al-Juffali, Engineer Rashid bin Abdulaziz Al-Hamid, Dr. Abdullah bin Hassan Al-Abdulqader, in addition to Sheila bint Atheeb Al-Ruwaili.
It is noteworthy that the Saudi Central Bank, the central bank of the Kingdom of Saudi Arabia, was established in 1372 AH (1952 AD) and entrusted with many tasks under several regulations and instructions. Its internal and external value, in addition to strengthening the cash cover, and managing the Kingdom’s foreign exchange reserves.
In addition to managing monetary policy to maintain price and exchange rate stability, encourage the growth of the financial system and ensure its integrity, monitor commercial banks and currency exchangers, as well as monitor cooperative insurance companies and insurance-related liberal professions, finance companies, and credit information companies.